Outcome of Board Meeting held on November 6, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.4 pts less than Nifty Microcap 250 and 6.5 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved standalone and consolidated unaudited financial results for Q2 and H1 FY26 (quarter and half year ended September 30, 2025). Q2 revenue from operations came in at ₹4,104 lakhs, slightly down from ₹4,149 lakhs a year ago, while profit after tax fell sharply to ₹347 lakhs from ₹531 lakhs. For the half-year, revenue grew about 13% to ₹8,677 lakhs and PAT rose roughly 4% to ₹855 lakhs, with EPS of ₹2.49 vs ₹2.40. Total assets stood at ₹16,027 lakhs and equity at ₹10,397 lakhs, while operating cash flow for H1 was ₹818 lakhs. The board also reconstituted the Audit Committee with five members, chaired by independent director Mr. Jayesh Mehta. The statutory auditor CNK & Associates LLP issued an unqualified limited review report on both sets of results.
H1 FY26 shows decent top-line growth, but the sharp year-on-year drop in Q2 profits signals significant margin pressure that may weigh on the stock in the near term. The winding-up of associate ISPL is a minor overhang but does not appear material to consolidated numbers.